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116 Nora Ave Spokane, WA 99207-2334

OFF-MARKET Retail space Google Maps
3,338 SF 0.16 ac lot Built 1932
Entity Owned 7-yr Hold ~ Est. High Equity
Estimated value (blended)
$330k
Range $297k – $363k (±10%)
Property ID US90-1595163

Property summary

AI-generated overview

This 3,338 square foot commercial building in Spokane, WA, is ideally situated in a high-traffic area, making it perfect for a variety of businesses. The property boasts a large open area suitable for retail space or a reception area, complemented by four private offices and ample room for additional cubicles. A convenient kitchen and dining area caters to clients or employees. Its central location makes it particularly attractive to professionals needing proximity to the courthouse, such as counselors or attorneys. The building offers abundant parking, including spaces behind the building and readily available street parking. Two bathrooms add to the convenience. Recent updates include new flooring, fresh paint, and a new furnace. The 0.02-acre lot provides ample space for operations. With its versatile layout and recent improvements, this property presents a significant opportunity for a business seeking a well-maintained and conveniently located space in a thriving Spokane neighborhood. The building's size and features offer flexibility for various business models, ensuring a strong return on investment. This is a rare opportunity to acquire a well-maintained commercial property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1932
Total area 3,338 SF
Lot 0.16 ac (7,100 SF)
APN 35083.2105
UPID US90-1595163

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2019
3 recorded transactions
2019
$250,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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